Peter bought an antique piece of furniture in 2000 for $10,000. Experts estimate that its value will increase by 12.12% each year. Identify the function that represents its value. Does the function represent growth or decay?
A) V (t) = 10000 (1.1212) t; growth
B) V (t) = 10000 (0.8788) t; decay
C) V (t) = 10000 (1.1212) t; decay
D) V (t) = 10000 (0.8788) t; growth
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